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Google rallies - Analysis - 25-03-2020

Economies.com
2020-03-25 10:57AM UTC

Google's stock rallied 7.37% in the last session, steadying at 1,134 with positive signals from the RSI, countered by negative pressure from the 50-day SMA and the dominant downward correctional trend. 

 

Therefore we expect the stock to return lower, targeting the pivotal support of 1,025. 

 

Expected trend for today: Bearish 

Midday update for Wheat price 25-03-2020

Economies.com
2020-03-25 10:55AM UTC

Wheat price shows additional positive trades to move away from 557.30, to support the continuation of the bullish trend expectations in the upcoming sessions, waiting to head towards 577.00 followed by 590.50 levels as next main stations, reminding you that it is important to hold above 557.30 to continue the expected rise.

 

The expected trading range for today is between 555.00 support and 570.00 resistance.

The expected trend for today: Bullish

Midday update for Sugar price 25-03-2020

Economies.com
2020-03-25 10:55AM UTC

Sugar price provides new positive trades to test the key resistance 11.55, which urges caution from the upcoming trading, as breaching this level will stop the morning suggested negative scenario and pushes the price to 12.15 direct, while the price needs to break 11.08 to confirm resuming the bearish wave that its first target located at 10.40.

 

The expected trading range for today is between 10.50 support and 11.55 resistance

 

The expected trend for today: Bearish

Midday update for Soybean price 25-03-2020

Economies.com
2020-03-25 10:54AM UTC

Soybean price faces solid obstacle at the main bearish channel’s resistance line, on its way to retest the breached neckline of the inverted head and shoulders’ pattern, and as we mentioned this morning, the price needs to hold above 885.50 to keep the bullish trend scenario valid for today, as breaking this level will push the price for more decline that its initial targets reach 865.00, while the price needs to breach 895.00 to confirm rallying towards our next positive at 908.20.

 

The expected trading range for today is between 885.00 support and 905.00 resistance.

 

The expected trend for today: Bullish